After hundreds of millions of dollars were invested by developing-country governments, and before a single watt of energy was transferred, the CASA-1000 infrastructure project in Central Asia has effectively failed. The international institutions that conceived, financed, and promoted the project must answer for this. BISHKEK—For a major infrastructure project to succeed, it must be underpinned…
In the good old days, dump trucks came in one discrete unit. Nowadays, they pull trailers with as much cubic space as themselves. Once upon a time, buses, too, were constituted in a fairly modest vehicle. Today, they are double their previous size. Half as many drivers are now required to pilot these roadway behemoths….
Reports from Iranian state-affiliated news agencies Fars and Tasnim said explosions were heard in Saudi Arabia early Friday. Fars claimed a drone struck logistics warehouses used by the U.S. Army, while Tasnim separately reported explosions in the kingdom without providing additional details. As of now, there has been no confirmation from Saudi officials, the U.S….
Accelerating yield hikes fuel capital repatriation, threatening to drive up USD debt issuance costs. Japan’s rapidly rising interest rates are providing another significant variable for corporate treasurers with upcoming bond offerings or refinancings to monitor. While the deluge of debt issued by so-called hyperscalers has yet to increase other companies’ borrowing costs, it’s critical for…
Drone view of oil tanker HELGA berthed at one of Iraq’s southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026. Mohammed Aty | Reuters Oil prices rose in choppy trading Wednesday as U.S. forces…